Centralized Control

Despite the fact that cryptocurrency is built on the ideals of decentralization, many projects are still run in a highly centralized manner. The majority of administrative decisions—such as banning harmful users, promoting new moderators, or managing project resources—remain in the hands of a small group of developers or trusted individuals. This creates a bottleneck where, even in well-meaning projects, the broader community has little say in how things are run.

When key figures are unavailable, uninterested, or inactive, the community is left in limbo. Projects are forced to wait for a small number of individuals to make decisions, leaving them vulnerable to slow response times, human error, or even corruption. As a result, the overall pace of project development slows down, and the potential for innovation and community engagement is stifled. In a truly decentralized ecosystem, this reliance on a few central figures is counterintuitive and can lead to the eventual demise of even the most promising ventures.